- wholesale cleaning supplies
- cleaning supplies wholesale
- travel expense report
- billing accounts payable
Lee Chan opened Lee’s Window Washing on July 1, 2012. In July, the following
transactions were completed.
July 1 Invested $14,000 cash in the business
1 Purchased a used truck for $26,400, paying $6,400 cash and
signing a note payable for the balance
1 Collected $3,000 from XYZ for their cleaning needs for July, August
and September
3 Purchased cleaning supplies on account for $850
5 Paid $1,800 on a one-year insurance policy, effective July 1
12 Billed customers $3,800 for cleaning services
18 Paid $400 of amount owed on cleaning supplies
20 Paid $1,600 for employee's salaries
21 Collected $1,400 from customers billed on July12
25 Billed customers for $3,000 for cleaning services
31 Paid gas and oil for the month on the truck $350
31 Withdrew $1,600 to pay personal property taxes
I got:
Page #
FOR MONTH ENDING: COMPANY NAME: Lee's Window Washing
Date Account Titles and Explanation P. R. Debit Credit
1-Jul 1 Cash DR14,000
1-Jul 2 Vehicle DR26,400
1-Jul 3 Cash CR6,400
1-Jul 4 Notes Payable CR25,000
1-Jul 5 Unearned Revenue CR3,000
3-Jul 6 Supplies DR850
3-Jul 7 Accounts Payable CR850
5-Jul Prepaid Insurance DR1,800
5-Jul Insurance Expense CR1,800
12-Jul Service Revenue DR3,800
12-Jul Accounts Receivable CR3,800
18-Jul Supplies Expense DR400
18-Jul Accounts Payable CR450
20-Jul Salaries Expense DR1,600
20-Jul Salaries Payable CR1,600
21-Jul Service Revenue DR1,400
21-Jul Accounts Receivable CR2,400
25-Jul Service Revenue DR3,000
25-Jul Accounts Receivable CR5,400
31-Jul Cash DR350
31-Jul Vehicle Expense CR350
31-Jul Lee's Withdrawals CR1,600
DR Total 53,600 CR Total 52,650
please help!
transactions were completed.
July 1 Invested $14,000 cash in the business
1 Purchased a used truck for $26,400, paying $6,400 cash and
signing a note payable for the balance
1 Collected $3,000 from XYZ for their cleaning needs for July, August
and September
3 Purchased cleaning supplies on account for $850
5 Paid $1,800 on a one-year insurance policy, effective July 1
12 Billed customers $3,800 for cleaning services
18 Paid $400 of amount owed on cleaning supplies
20 Paid $1,600 for employee's salaries
21 Collected $1,400 from customers billed on July12
25 Billed customers for $3,000 for cleaning services
31 Paid gas and oil for the month on the truck $350
31 Withdrew $1,600 to pay personal property taxes
I got:
Page #
FOR MONTH ENDING: COMPANY NAME: Lee's Window Washing
Date Account Titles and Explanation P. R. Debit Credit
1-Jul 1 Cash DR14,000
1-Jul 2 Vehicle DR26,400
1-Jul 3 Cash CR6,400
1-Jul 4 Notes Payable CR25,000
1-Jul 5 Unearned Revenue CR3,000
3-Jul 6 Supplies DR850
3-Jul 7 Accounts Payable CR850
5-Jul Prepaid Insurance DR1,800
5-Jul Insurance Expense CR1,800
12-Jul Service Revenue DR3,800
12-Jul Accounts Receivable CR3,800
18-Jul Supplies Expense DR400
18-Jul Accounts Payable CR450
20-Jul Salaries Expense DR1,600
20-Jul Salaries Payable CR1,600
21-Jul Service Revenue DR1,400
21-Jul Accounts Receivable CR2,400
25-Jul Service Revenue DR3,000
25-Jul Accounts Receivable CR5,400
31-Jul Cash DR350
31-Jul Vehicle Expense CR350
31-Jul Lee's Withdrawals CR1,600
DR Total 53,600 CR Total 52,650
please help!
I don't get where my math is wrong? In my General Entries?
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